The KUIK Closing Market Report for Thursday, July 24: |
Markets finished mixed. |
Direction |
Change |
Units |
Last |
Time |
Change |
Dow |
Down |
(3) |
points |
17,084 |
1:21 PM |
S&P500 |
Up |
0.1% |
percent |
1,988 |
0.97 |
Nasdaq Composite |
Down |
0.0% |
percent |
4,472 |
(1.59) |
30 Year Treasury |
Up |
4 |
Basis Points |
3.30 |
Annual Yield |
The iShares U.S. Home Construction exchange traded fund fell 3.4% to a two-month low and had the biggest one-day percentage decline since June 2013. Share of D.R. Horton, it’s biggest component, fell 11% on five times the normal daily volume. The company reported earnings well below analysts expectations. |
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. |
http://www.marketwatch.com/story/homebuilder-shares-dive-on-disappointing-results-data-2014-07-24 |
For today’s Closing Market Report click to listen-> |
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